Laurel Hill, Richmond County, North Carolina Property Taxes

Name: Property Tax Bills Across Laurel Hill, Richmond County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Laurel Hill, NC effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Laurel Hill, NC home value: $56,150
Median annual Laurel Hill, NC tax bill: $673, $1,727 lower than the national median property tax bill of $2,400.

How are property taxes in Richmond calculated?

Property taxes in Laurel Hill, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Laurel Hill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurel Hill, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Laurel Hill, Richmond County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$854

$793

Ownwell’s Laurel Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Laurel Hill with just two data points. By entering your property's estimated assessed value, our calculator applies Laurel Hill’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Richmond County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Laurel Hill, Richmond County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This variation stems from each county's annual budget estimation process, where they determine the necessary funds to provide services and divide that amount by the total value of all taxable property in their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual procedure.

In Laurel Hill, Richmond County, North Carolina, the effective property tax rate is an important consideration for homeowners. Comparing this rate to other cities in North Carolina and the national median provides valuable insight. North Carolina's median property tax rate is slightly higher than the national median, which affects the overall tax burden for residents. Understanding these differences can help homeowners make informed decisions about property investments and financial planning. By analyzing Laurel Hill's property tax rate in the context of state and national figures, homeowners can better grasp the financial landscape and plan accordingly for their property tax obligations.

Property Tax Rates Across Laurel Hill, Richmond County, North Carolina

Source: Ownwell

0.82%

0.95%

1.09%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Laurel Hill Tax Rate

0.95%

Median Effective Richmond County Tax Rate

0.91%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laurel Hill, Richmond County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28351	0.64%	0.77%	0.95%	1.12%	1.49%

Source: Ownwell

Property Tax Assessment Values Across Laurel Hill, Richmond County, North Carolina

When examining property taxes in Laurel Hill, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Richmond County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Richmond County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Laurel Hill. For example, the median home price in Laurel Hill is $56,150, with tax bills ranging significantly across the county. 28351 has the highest median home price at $56,150.

Property Tax Assessment Values Across Laurel Hill, Richmond County, North Carolina

Source: Ownwell

$42,682

$89,714

$136,746

Median Laurel Hill Market Value

$89,946

Median Richmond County Market Value

$89,022

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laurel Hill, Richmond County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28351	$18,549	$44,408	$89,946	$148,796	$224,855

Source: Ownwell

Property Tax Bills Across Laurel Hill, Richmond County, North Carolina

In Laurel Hill, located in Richmond County, NC, property tax bills are calculated by applying the local tax rate to the assessed value of a home. With a median home price of $56,150, homeowners in this area typically face tax bills that range from $459 at the 25th percentile to $1,208 at the 90th percentile. The median tax bill in Laurel Hill stands at $673, which is significantly lower than the national median property tax bill of $2,400. This difference highlights the relatively lower property tax burden for homeowners in this region. However, even within these lower rates, there is potential for savings. Factors such as property improvements, market fluctuations, and assessment errors can influence the tax bill. Ownwell assists homeowners by identifying potential inaccuracies in property assessments and ensuring that they are only paying their fair share. By leveraging expertise in property tax appeals, Ownwell helps homeowners in Laurel Hill reduce their tax obligations and maximize their savings.

Property Tax Bills Across Laurel Hill, Richmond County, North Carolina

Source: Ownwell

$493

$799

$1,105

Median Laurel Hill Tax Bill

$860

Median Richmond County Tax Bill

$813

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Laurel Hill, Richmond County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28351	$268	$590	$860	$1,300	$1,558

Source: Ownwell